Market observation and economic analysis — understanding economic cycles, interest rates, inflation, and capital flows.
When market consensus concentrates on one direction, how do you systematically examine the fundamental changes consensus has obscured? Four cases (energy storage, non-ferrous metals, innovative pharma, and non-bank financials) build a cross-dimensional cross-validation research framework.
K-shaped divergence is not a random fluctuation. It is the result of three long-term economic forces working together: supply constraints in the AI industry, transformation of the macro policy framework, and restructuring of the global industrial division of labor.